Vodafone DD fee and the right to cancel

NFH

chanz4 wrote: »

business banking is not free, and you do get charged for receiving payments

Small businesses sometimes get charged, but large businesses such as mobile networks negotiate negligible or zero fees on incoming payments.

Buzby

NFH wrote: »

Small businesses sometimes get charged, but large businesses such as mobile networks negotiate negligible or zero fees on incoming payments.

What a sweeping generalisation - kindly provide the proof of a reference to any network not paying bank charges. You arguments are becoming more irrational - next we'll be hold the banks actually pay the networks for their business?

I am aware of one network many years ago, where their banking costs were disclosed as being in the region of £1.25m pa. Then certainly didn't get free banking - but the costs included their commercially negotiated rate for their ongoing liquidity (overdraft, inbound payments, etc). Whilst different networks will have different deals, the fact you believe small business are stitched up by paying 35 p per transaction, but networks get it all free of cost is risible.

NFH

Buzby wrote: »

What a sweeping generalisation - kindly provide the proof of a reference to any network not paying bank charges. You arguments are becoming more irrational - next we'll be hold the banks actually pay the networks for their business?

I am aware of one network many years ago, where their banking costs were disclosed as being in the region of £1.25m pa. Then certainly didn't get free banking - but the costs included their commercially negotiated rate for their ongoing liquidity (overdraft, inbound payments, etc). Whilst different networks will have different deals, the fact you believe small business are stitched up by paying 35 p per transaction, but networks get it all free of cost is risible.

I am taking the example of Barclays' charges for businesses, given that Vodafone banks with Barclays. Barclays has two options:

• Mixed Payments Plan - 35p per electronic payment in or out
• e-Payments Plan - free for electronic payments in or out

Given Vodafone's very large size, it will have negotiated a deal much more favourable than what is available to small and medium sized businesses. It would therefore be reasonable to assume that Vodafone pays nothing to receive incoming electronic payments into its bank account.

Vodafone

Hi irongecko,

If you still need some help with this could you email me with your details via the link in our profile here?

All you need to do is copy and paste the link into your web browser and it will take you to the Contact us form on our website. To make sure it reaches me could you also quote the code WRT135 - MSE in the subject line?

Once sent you'll receive an automated reply with a reference number. So I can make sure I've got it could you update the thread with this and I'll get back to you as soon as possible?

Kind regards,

Lee

Web Relations

Vodafone UK